News

SINGAPORE, July 19 (Reuters) – Singapore’s Keppel Corp posted a 44 percent rise in its second-quarter profit, citing stronger earnings from its

By Josh Smith SEOUL, July 19 (Reuters) – A company claiming to have found the wreck of a Russian warship with $130 billion in gold “treasure”

Editor’s Note: This is the first in a series of articles covering the U.S. Coast Guard’s public hearing on the explosion and fire aboard the

By Hyonhee Shin SEOUL, July 19 (Reuters) – A South Korean court on Thursday acknowledged for the first time the government’s liability for the 2014

Israeli container shipping company ZIM has reached a deal with 2M alliance members Maersk Line and Mediterranean Shipping Company on a new strategic

By Alex Longley and Irene García Pérez (Bloomberg) — One of the world’s most polluting fuels may have some life left in it yet. Demand for high

By Lefteris Karagiannopoulos OSLO, July 19 (Reuters) – Owners of Norwegian oil rigs are considering imposing a lockout on workers as a high-stakes gamble

Large shipping losses have declined by more than a third over the past decade, but new cyber and climate risks, along with human error, threaten safety

The number of maritime piracy incidents reported to the ReCAAP Information Sharing Centre in the first half of 2018 fell to its lowest number in the past 10

By Gavin van Marle (The Loadstar) – Container shipping lines on the transpacific trade this week continued to announce capacity cuts in response to the

Update (Thursday) – The Coastguard reports that the situation remains unchanged and there was no attempt to refloat the vessel at high water Thursday

By Kyunghee Park (Bloomberg) — Christmas is looking a little less bright for container-shipping companies. As the industry enters what’s

By David Fickling (Bloomberg Opinion) — What’s the most important element in global commodity markets right now? Carbon? Copper? Gold? Wrong

Following Hurricane Maria’s landfall in Puerto Rico last September, a number of media reports claimed that the Jones Act had severely damaged the Puerto

U.S.-flag tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) has signed shipbuilding contracts with Hyundai Mipo Dockyard in South Korea for the

A major fire tore through an end-of-life VLCC at the Gadani shipbreaking yard in Pakistan on Monday, marking yet another incident to underscore the dangers of

The International Chamber of Shipping (ICS) says it is encouraged by efforts made by IMO Member States to resolve so of the challenges ahead of the global 0.5%

Hapag-Lloyd AG officially named its newest containership ‘AFIF’ at DP World’s London Gateway on Monday. The Ultra-Large Container Vessel

A Singaporean shipping company has been sentenced to pay a fine of $1 million and serve two years of probation for failing to maintain an accurate oil record

Offshore drilling contractor Transocean says its ultra-deepwater semi-submersible GSF Development Driller 1 has been awarded an 11-well contract offshore